1,640,400 Shares in Cleanspark, Inc. $CLSK Purchased by Situational Awareness LP

Situational Awareness LP purchased a new position in Cleanspark, Inc. (NASDAQ:CLSK) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,640,400 shares of the company’s stock, valued at approximately $16,601,000. Cleanspark makes up 0.3% of Situational Awareness LP’s portfolio, making the stock its 20th largest position. Situational Awareness LP owned approximately 0.64% of Cleanspark as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CLSK. Voloridge Investment Management LLC purchased a new position in Cleanspark in the third quarter worth about $56,056,000. UBS Group AG lifted its stake in Cleanspark by 81.1% in the fourth quarter. UBS Group AG now owns 3,579,166 shares of the company’s stock worth $36,221,000 after purchasing an additional 1,602,830 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Cleanspark by 57.0% in the third quarter. Dimensional Fund Advisors LP now owns 4,311,221 shares of the company’s stock worth $62,521,000 after purchasing an additional 1,564,761 shares during the last quarter. Tudor Investment Corp ET AL lifted its stake in Cleanspark by 496.7% in the third quarter. Tudor Investment Corp ET AL now owns 1,732,268 shares of the company’s stock worth $25,118,000 after purchasing an additional 1,441,939 shares during the last quarter. Finally, Azora Capital LP bought a new stake in Cleanspark in the third quarter worth about $15,300,000. Hedge funds and other institutional investors own 43.12% of the company’s stock.

Cleanspark Stock Performance

Cleanspark stock opened at $15.59 on Friday. The company has a 50 day moving average price of $12.96 and a 200-day moving average price of $11.93. The company has a debt-to-equity ratio of 1.81, a quick ratio of 8.26 and a current ratio of 8.26. Cleanspark, Inc. has a fifty-two week low of $8.00 and a fifty-two week high of $23.61. The company has a market capitalization of $4.00 billion, a PE ratio of -7.42 and a beta of 3.79.

Cleanspark (NASDAQ:CLSK) last posted its quarterly earnings results on Monday, May 11th. The company reported ($1.52) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($1.27). Cleanspark had a negative net margin of 67.66% and a positive return on equity of 7.07%. The company had revenue of $136.41 million for the quarter, compared to the consensus estimate of $145.36 million. During the same period in the prior year, the firm posted ($0.49) EPS. The business’s revenue was down 24.9% on a year-over-year basis. As a group, equities analysts forecast that Cleanspark, Inc. will post -1.19 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on CLSK shares. B. Riley Financial decreased their price objective on shares of Cleanspark from $22.00 to $19.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Zacks Research downgraded shares of Cleanspark from a “hold” rating to a “strong sell” rating in a research note on Monday, May 11th. Keefe, Bruyette & Woods raised their price objective on shares of Cleanspark from $14.00 to $16.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Chardan Capital reissued a “buy” rating and issued a $16.00 price objective on shares of Cleanspark in a research note on Wednesday, April 8th. Finally, Cantor Fitzgerald decreased their price objective on shares of Cleanspark from $17.00 to $14.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $20.44.

About Cleanspark

CleanSpark, Inc (NASDAQ: CLSK) is a leading energy software and services company specializing in advanced microgrid controls and distributed energy resource (DER) management. The firm develops proprietary software platforms designed to optimize power flows across on-grid and off-grid installations, integrating renewable generation, battery storage, and traditional generation assets. CleanSpark’s technology is used by utilities, commercial and industrial enterprises, and remote facilities seeking to enhance energy resilience, reduce operating costs, and achieve sustainability goals.

In addition to its core software offerings, CleanSpark provides end-to-end engineering, procurement and construction (EPC) services.